MF Global: Where Is The Missing Money?
By Francine • Nov 10th, 2011Almost everyone wondering where the missing MF Global customer assets have gone thinks they will show up eventually. I believe the assets are long gone.
Archive for the ‘MF Global’ Category
SocGen And PwC – They Still Don’t Know Jack…
By Francine • May 26th, 2008As those of you who follow my Twitters know, last Wednesday I had the good fortune to have dinner with our Governor and a few other State of Illinois executives and local entrepreneurs. Most were in the technology arena, as is my client, who I was there to support, cajole, nudge and share a [...]
Oh! How The Mighty Have Fallen – Update On Auditors And Their Banking Clients
By Francine • Mar 20th, 2008Picture Source
Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market.
I warned that the CEOs and their Big 4 buddies should be nervous, too. The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon as any [...]
MF Global, SocGen, And "Rogue" Traders – Don’t Fall For The Simple Answers
By Francine • Mar 3rd, 2008MF Global Inc., the largest broker of exchange-traded futures and options, set aside $141.5 million to cover losses by an employee who “substantially exceeded” his own account’s trading limits betting on the wheat market.
The company’s shares fell 28 percent, the biggest drop since their July debut, after the firm said broker Evan Dooley made “unauthorized” [...]
Francine McKenna (@retheauditors) has more than twenty-five years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. Look for my column, 